The presence of a distorting tax on wage income can result in
A) MPN < MRT1,C.
B) MRT1,C < MRS1,C.
C) MPN < w.
D) MRS1,C < MPN
D
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In ________, health care spending per person based on income per person is significantly higher than the average for most other countries
A) the United States B) Austria C) Norway D) Canada
During recessions, economics majors earn about 35 percent more than the typical college graduate
Indicate whether the statement is true or false
In 2010 President Obama proposed more generous tax write-offs for businesses that invest in additional equipment in order to stimulate investment spending
a. True b. False Indicate whether the statement is true or false
Which of the following events would result in a greater demand for U.S. dollars in the foreign exchange market, ceteris paribus?
A. Higher tariffs imposed by the United States on imports. B. An increase in interest rates in the United States. C. Higher quotas imposed by the United States on imports. D. An increase in interest rates in Japan.